Nisa Investment Advisors LLC Acquires 3,620 Shares of Marathon Petroleum Corporation $MPC

Nisa Investment Advisors LLC raised its stake in Marathon Petroleum Corporation (NYSE:MPC) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,085 shares of the oil and gas company’s stock after acquiring an additional 3,620 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of Marathon Petroleum worth $29,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Balyasny Asset Management L.P. increased its holdings in shares of Marathon Petroleum by 27,979.8% in the second quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock valued at $109,565,000 after purchasing an additional 657,246 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Marathon Petroleum by 332.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 320,499 shares of the oil and gas company’s stock valued at $52,123,000 after buying an additional 246,384 shares during the last quarter. Merewether Investment Management LP bought a new position in Marathon Petroleum in the 2nd quarter valued at $35,548,000. Amundi increased its stake in shares of Marathon Petroleum by 11.8% in the 3rd quarter. Amundi now owns 1,626,862 shares of the oil and gas company’s stock valued at $314,830,000 after buying an additional 172,172 shares during the period. Finally, Boston Partners raised its position in shares of Marathon Petroleum by 2.3% during the third quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock worth $1,214,522,000 after acquiring an additional 141,691 shares during the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Marathon Petroleum news, insider Ricky D. Hessling sold 1,810 shares of Marathon Petroleum stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider directly owned 10,188 shares in the company, valued at approximately $2,290,058.64. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 4,473 shares of company stock worth $1,015,428 in the last 90 days. Insiders own 0.17% of the company’s stock.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC opened at $244.16 on Wednesday. The firm’s 50 day simple moving average is $208.46 and its 200 day simple moving average is $193.32. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $255.77. The company has a market capitalization of $71.90 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 0.50 and a beta of 0.69. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 0.74.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The firm had revenue of $32.57 billion during the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. As a group, sell-side analysts forecast that Marathon Petroleum Corporation will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Wednesday, February 18th were given a $1.00 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Marathon Petroleum’s dividend payout ratio is currently 29.96%.

Analyst Ratings Changes

Several research firms recently issued reports on MPC. TD Cowen raised their price target on Marathon Petroleum from $183.00 to $198.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Citigroup boosted their price objective on Marathon Petroleum from $182.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. The Goldman Sachs Group raised their target price on shares of Marathon Petroleum from $211.00 to $239.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. UBS Group reissued a “buy” rating and set a $221.00 price target on shares of Marathon Petroleum in a research note on Friday, February 6th. Finally, Wells Fargo & Company increased their price objective on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $209.19.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.